NORTHSTAR ACADEMY INC

EIN: 541816370 501(c)(3) Education

GLEN ALLEN, VA

Total Revenue
$5,888,244
Total Expenses
$4,890,968
Total Assets
$17,938,116
Net Assets
$16,117,751
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Tuckman-Chang Vulnerability Assessment

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Financial Trends

Organization Details

Formation Year
1996
Legal Domicile
VA
Principal Officer
RICHARD L BENNETT JR
Phone
8047471003
Tax Period
2024-07-01 to 2025-06-30

NORTHSTAR ACADEMY INC, founded in 1996, is a community nonprofit in the Education sector that reported $3.9M in total revenue in fiscal year 2018. Expenses of $3.6M left a modest 6% surplus.

Mission

AT NORTHSTAR ACADEMY, WE PROMOTE EDUCATIONAL EXCELLENCE AND CAREER OPPORTUNITIES FOR STUDENTS WITH DISABILITIES WHO HAVE ACADEMIC, PHYSICAL, OR SOCIAL CHALLENGES. NORTHSTAR ACADEMY EMPOWERS STUDENTS TO DEVELOP AND VALUE THEIR DIVERSE ABILITIES, CHART A SUCCESSFUL COURSE FOR THEIR LIVES, AND CREATE THEIR OWN FUTURES. WE CULTIVATE COMMUNITIES WHERE PEOPLE OF ALL ABILITIES THRIVE.

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Trantor Score

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,720,927
Program Service Revenue $3,954,050
Investment Income $193,705
Other Revenue $19,562
TOTAL REVENUE $5,888,244

Expense Breakdown

Grants Paid $331,817
Salaries & Benefits $3,453,024
Fundraising Expenses $329,740
Program Expenses $3,941,102
Other Expenses $1,106,127
TOTAL EXPENSES $4,890,968

Year-over-Year Comparison

2024 2023 Change
Revenue $5,888,244 $5,805,293 +0.0%
Expenses $4,890,968 $4,564,250 +0.1%
Net Income $997,276 $1,241,043 -0.2%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
15
Independent Members
15
Employees
73
Volunteers
136

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$228,249
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RICHARD L BENNETT JR CHAIR 10.00
Officer Director
$0 $0 $0
ROBERT BENAICHA VICE CHAIR 1.00
Officer Director
$0 $0 $0
NANCY VOLANTE TREASURER 1.00
Officer Director
$0 $0 $0
TRACEY DEAL SECRETARY 1.00
Officer Director
$0 $0 $0
LEMUEL DOSS III IMMEDIATE PAST CHAIR 1.00
Director
$0 $0 $0
F ROBERTSON HERSHEY ROB DIRECTOR 1.00
Director
$0 $0 $0
WILLIAM R B HERSHEY DIRECTOR 1.00
Director
$0 $0 $0
J MICHAEL JARVIS JR DIRECTOR 1.00
Director
$0 $0 $0
NANCY JORDAN DIRECTOR 1.00
Director
$0 $0 $0
STEVE MCCOY DIRECTOR 1.00
Director
$0 $0 $0
W MICHAEL WALKER DIRECTOR 1.00
Director
$0 $0 $0
BEN WINTERS DIRECTOR 1.00
Director
$0 $0 $0
CRYSTAL TRENT HEAD OF SCHOOL 40.00
Officer
$117,384 $11,874 $129,258
FELICITY MORRIS DIRECTOR OF FINANCE 40.00
Officer
$93,854 $5,137 $98,991
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 $5,888,244 $4,890,968 $17,938,116 $997,276
2024 No data No data No data No data
2023 $6,844,089 $4,426,465 $17,332,701 $2,417,624
2022 $9,568,413 $4,114,672 $15,233,183 $5,453,741
2021 $6,056,495 $3,981,714 $6,460,241 $2,074,781
2020 $3,730,330 $3,711,813 $4,820,965 $18,517
2019 $3,852,423 $3,627,062 $4,305,091 $225,361
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